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the opposite of what obama said. they don't believe it. they want a western european style cradle to grave state. they want to make sure that they preserve it and they want to pay for it. the middle class is going to be nailed and they are going to blame republicans and they are going to have to go back to get more money. isn't it mostly true, taxing the rich, and you poll the whole electric. the middle income people believe they are going to be next. middle income say you are not going to get enough money there. they are going to hit me and there is going to be a carbon tax. president obama needs to expand the government. i wish the majority of the middle class saw it that way. more than half the country felt that his left wing agenda was it. it isn't eventually the middle class is going to get nailed. and the spin will be that republicans jacked up the economy so badly. >> i think that is where this is going. i think there could be a tax and maybe it can't get through congress. but i have never seen a time, i have seen polls on this. tax
the opposite of what obama said. they don't believe it. they want a western european style cradle to grave state. they want to make sure that they preserve it and they want to pay for it. the middle class is going to be nailed and they are going to blame republicans and they are going to have to go back to get more money. isn't it mostly true, taxing the rich, and you poll the whole electric. the middle income people believe they are going to be next. middle income say you are not going to get...
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i'm not sure i would use a retre retreat. >> would a resection about extending the tax cuts. >> i can't answer that question. when did we stop talking about who those people paying the taxes would be. many of those almost one miggion are small business people and not create more jobs hurting economic growth and i think that is what you have to focus on when you talk about race iing w. >> i understand the point. in these negotiations the pras seems to have the or the rich t cuts. >> we haven't tualked enough about what it will mean to the economy. we have to care about who gets hit by it. we have to begin thinking about it. >> not an ees asy thing to do. we called it decoupling. again, i don't peak for anybody but myself. my point is we need to remind people that there are three things the small business person and where is the spending cut? >> one last one, the gop will be claimed if all of the tax carts experbecause we he how long would that damage last? >> i don't know. it would be back for polltations and bat for the nanly. >> it would take us back to a resection. >> it would be terr
i'm not sure i would use a retre retreat. >> would a resection about extending the tax cuts. >> i can't answer that question. when did we stop talking about who those people paying the taxes would be. many of those almost one miggion are small business people and not create more jobs hurting economic growth and i think that is what you have to focus on when you talk about race iing w. >> i understand the point. in these negotiations the pras seems to have the or the rich t...
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president obama going off republicans on the looming fiscal cliff on the weekly radio address. accusing the house of blocking a bill aimed at year end middle tax cuts. >> they put forward an unbalanced plan that lowers rates for the wealthiest americans. >> if we want to protect the middle class, the math didn't work. >> meanwhile, florida senator marco rubio delivering the response, prosperity should come through job creation and smaller debt not taxes. >> we must get the debt under control. taxes will not control our debt. >> both sides of the issue. i'm jamie colby, back to cavuto on fox business, only on the fox news channel. >> what's the deal with the guy wearing sunglasses and saying nothing? >> and all over again in michigan, protesting the right to work bill. the scene almost identical to wisconsin last year and that state's battle over collective bargaining and then, what's going on? >> and i think it's always tough for unions to admit they've lost allure. i'm a union man and i know charlie is very fond of unions. we love unions, but we want people to have the right t
president obama going off republicans on the looming fiscal cliff on the weekly radio address. accusing the house of blocking a bill aimed at year end middle tax cuts. >> they put forward an unbalanced plan that lowers rates for the wealthiest americans. >> if we want to protect the middle class, the math didn't work. >> meanwhile, florida senator marco rubio delivering the response, prosperity should come through job creation and smaller debt not taxes. >> we must get...
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the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough moves. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the caucus to swallow some tax rate increase if they have something to show for it. and the irony here, on a whole variety of issue, the democrats should be in favor of certain kinds of entitlement reforms. it's not actually that big of a give. on social security, as an example, democrats have won for the time being on privatization being completely off the table. there's a strong argument for trying to lock that in now as opposed to waiting and having that potentially come back. in addition, one of the big concerns here is doing too much fiscal austerity too soon. the more you did in the form of social security which can be phased in grad
the thing that a lot of people worry about in private is him and obama will cut a deal in late december negotiations. but boehner has been making tough moves. when it comes down to it he's going to agree to something with the president and it is not going to be able to pass his own conference. do you have any sense of what you think he's able to do and not do at this point? >> we come back again to the entitlement question. it's going to be easier for the caucus to swallow some tax rate...
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. >>> president obama is taking his message of mid-class tax cuts back on the road. he's heading to m tomorrow the plant is a uaw shop and it's expected to pull him into the debate over the union's and to organize workers. those are your top stories. "reliable sources" is up at the top of the hour but right now back to "fareed zakaria gps." >>> one out of two men will develop cancer in their lifetime. women are a little luckier. one out of three will get it. regards of your sex, those are terrifying numbers. but all of that could change because cures are inside. this is the president of the world's largest cancer center, m.d. anderson in houston, texas. >>> you believe we are at a point where we could actually cure cancer. >> i think we're at a major turning point in the history of cancer medicine where we have a very deep understanding of how it comes about and if it is established, how to deal with it. want and we have game-changing technological skranss that allow us to do much better care, cancer care of patients. >> what is the game-changing technology? what's h
. >>> president obama is taking his message of mid-class tax cuts back on the road. he's heading to m tomorrow the plant is a uaw shop and it's expected to pull him into the debate over the union's and to organize workers. those are your top stories. "reliable sources" is up at the top of the hour but right now back to "fareed zakaria gps." >>> one out of two men will develop cancer in their lifetime. women are a little luckier. one out of three will get...
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president obama said that he is willing to sign it. so that would be one way to just sort of get some of this panic out of the way and let people deliberate and make some really good choices when we come back in january. >> i want to bottom line it very quickly with jared. i'm going to make you squirm, jared. >> god luck. >>maker the argument for going over it. you have to argue for it. go over the whole thing. what would it be? get our aaa back? >> that may be the only way we can get a responsible fiscal deal. and if that deal begins to take shape in late december, the only way to resolve the cliff may be to temporarily go over the cliff so that tax rates reset and we can get on a bitter fiscal trajectory, and -- and -- they can quickly, as nicole mentioned, reverse some worse effects of that. and in that sense, we've gone over it, but briefly. i'm not for it but that is a resolution that would really use the leverage, the dynamics that are in play right now to finally get us on a more sustainable fiscal path. >> it's not juvenile hal
president obama said that he is willing to sign it. so that would be one way to just sort of get some of this panic out of the way and let people deliberate and make some really good choices when we come back in january. >> i want to bottom line it very quickly with jared. i'm going to make you squirm, jared. >> god luck. >>maker the argument for going over it. you have to argue for it. go over the whole thing. what would it be? get our aaa back? >> that may be the only...
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our costs are going to go up 19.5% next year, so we believe, we'll probably have to cut two or three people just to overcome the extra cost that's going to hit our business in 2013 so we've got obama care going through. we're going to take on half that cost and pass half of that on to our employees. think about that. that means that our middle class employees are going to see that increase in their health care costs next year. >> right. >> howard dean was just on with steve forbes, and howard dean's feeling is, look, we've got to solve this problem of the deficit somehow. we can't keep kicking the can down the road. >> bill, we can't. >> and there needs to be a shared burden for everybody. that would be your burden that you just identified, right? >> well, no doubt. we've got to share it across but think what everybody is talking about, personal income taxes. that's the topic of the day. we've got to raise personal income taxes. what does that do? does that go after warren buffett? warren buffett says he wants his taxes to go up, but what are we going to do, hit people $250,000 and a
our costs are going to go up 19.5% next year, so we believe, we'll probably have to cut two or three people just to overcome the extra cost that's going to hit our business in 2013 so we've got obama care going through. we're going to take on half that cost and pass half of that on to our employees. think about that. that means that our middle class employees are going to see that increase in their health care costs next year. >> right. >> howard dean was just on with steve forbes,...
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president obama on the ground in michigan right now starting the week right where he left off last week. using the public to pressure republicans in to extending tax cuts for the middle class to avert the fiscal cliff. these are some live pictures of a diamler plant outside of detroit where the president will be speaking in a couple of minutes. the president greeted by the state's republican governor about an hour ago. one day before a controversial right to work bill the white house is opposed to is signed in to law. we'll have more on that later in the show but as far as the fiscal cliff, our first read team says we are already at the end game if the goal is to get a deal passed by december 21st. now that means the president and house speaker boehner have five days max to reach an agreement. that takes us to the 15th. then the legislation has to be written by the 18th. the president is now working two strategies to get a deal done. he met with speaker boehner yesterday. that's the first face to face in nearly a month and their one on one first one since july 2011. now, the other strat
president obama on the ground in michigan right now starting the week right where he left off last week. using the public to pressure republicans in to extending tax cuts for the middle class to avert the fiscal cliff. these are some live pictures of a diamler plant outside of detroit where the president will be speaking in a couple of minutes. the president greeted by the state's republican governor about an hour ago. one day before a controversial right to work bill the white house is opposed...
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>> that's right and i also feel that president obama was re-elected for a reason. an most of the people in this country go along with his idea that the wealthy need to pay their fair share. i think that it would be totally irresponsible on his part and the republicans if they don't come to a decision on this before the first of the year, and get something ironed out -- >> so, richard, what do you think? should we go off the cliff? should we just see where the chips fall? >> no, i do not agree with going off the cliff. we should come to something, some type of an agreement here. but the wealthy should pay their fair share. i do believe in that. >> mayor hall, your town relies on federal funds to keep your water drinkable at the local treatment plant. so how would going off the cliff affect your city budget? >> well, you know, any time that you're dealing with funds that the tax payers money is involve in, you've got to look at the checks and balances and if they cut spending, there is a possibility that that will be cut and our resources will go down the drain liter
>> that's right and i also feel that president obama was re-elected for a reason. an most of the people in this country go along with his idea that the wealthy need to pay their fair share. i think that it would be totally irresponsible on his part and the republicans if they don't come to a decision on this before the first of the year, and get something ironed out -- >> so, richard, what do you think? should we go off the cliff? should we just see where the chips fall? >>...
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of the bush tax cuts. that makes him complicity in the eyes of the base, and they're going to fire him from his job if he does that, in all likelihood. >> do you really think that he will get fired if he lets those tax cuts expire? >> it's at best 50-50 he keeps his job, if he cooperates in making that bargain. the best thing for boehner is for that to happen without his cooperation, without his active cooperation. it's got to happen without him. then they can go ahead and get the rest of the revenue without raising tax rates. then the tax rates will go back to the clinton levels. the rest of it will happen automatically, and, you know, the republicans are trying to do this complicated scenario where they vote present. if they don't vote and the democrats vote, it's this ritual where the dmgz do all the voting, and the republicans kind of stand by, and i think they're right to do that, because then you've got a trillion of revenue automatically locked in. then, you know, obama is asking for another $600 bi
of the bush tax cuts. that makes him complicity in the eyes of the base, and they're going to fire him from his job if he does that, in all likelihood. >> do you really think that he will get fired if he lets those tax cuts expire? >> it's at best 50-50 he keeps his job, if he cooperates in making that bargain. the best thing for boehner is for that to happen without his cooperation, without his active cooperation. it's got to happen without him. then they can go ahead and get the...
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little progress this week in evidence to avoid january's looming tax and spending cuts commonly known as the fiscal cliff. despite a call between president obama and john boehner, the two sides appear to be no closer to a compromise. are republicans working on the scenes on a plan b? wall street journal columnist, dan henninger and kim strassel. you have bean working the phones, is there something going on between speaker boehner and the president? >> no, i think that they are nowhere and it's because the president is refusing to budge at all on the top toks ratestopx rates and we'll go off the cliff if the republicans don't acreed to that demand. so we're still at a stand still. >> paul: kim, why is the president so insistent on increasing tax rates? boehner has already put on the table a comparable amount of money to be gained from putting a cap on deductions, about 800 billion over ten years, so such a-- >> look, paul, two reasons. first is ideological. his partisans, his liberal base believe this is somehow a symbol of winning the tax fight and you can only do that by raising the
little progress this week in evidence to avoid january's looming tax and spending cuts commonly known as the fiscal cliff. despite a call between president obama and john boehner, the two sides appear to be no closer to a compromise. are republicans working on the scenes on a plan b? wall street journal columnist, dan henninger and kim strassel. you have bean working the phones, is there something going on between speaker boehner and the president? >> no, i think that they are nowhere and...
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the white house is offering $340 billion in cuts to medicare and $250 billion in cuts to other programs. president obama spoke to abc's barbara walters about taxes on the rich going up whether republicans like it or not. >> prediction. are you going to be able to raise taxes? yes or no. >> oh, taxes are going to go up one way or the other. >> they are? >> and i think the key is to make sure that taxes go up on the high-end individuals like you and me, barbara, we can afford it. it is entirely possible for us to come up with a deal, but time is running short. >> the full interview between president obama and barbara walters will air friday at 10:00 p.m. on abc. we do know the president said this. "i'd like to see a big package, but the most important thing we can do is to make sure that middle class taxes do not go up on january 1st. raises the medicare eligibility age will not be a big part of this package." the president said," when you look at the evidence, it's not clear that it actually saves a lot of money." as these negotiations drag on, public opinion remains firmly on the side o
the white house is offering $340 billion in cuts to medicare and $250 billion in cuts to other programs. president obama spoke to abc's barbara walters about taxes on the rich going up whether republicans like it or not. >> prediction. are you going to be able to raise taxes? yes or no. >> oh, taxes are going to go up one way or the other. >> they are? >> and i think the key is to make sure that taxes go up on the high-end individuals like you and me, barbara, we can...
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president obama continues his pressure campaign to pass the tax cuts. the president is also taking time to be fesive. john boehner doesn't sound so merry. >> no progress report because there's no progress to report. when it comes to the fis e call cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> the phone call was pleasant, but was just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president if he's serious to come back to us with a counteroffer. >> even though the president apparently designed the negotiating sessions at boehner's request. according to "the new york times," boehner insisted the talks include only himself and the president of the united states. boehner wanted senate democrats and nancy pelosi out of the discussions. democratic senator dick durbin told the times this is now the speaker and the president working this through. democratic leaders say they are satisfied with the briefings that they continue to receive. nancy pel
president obama continues his pressure campaign to pass the tax cuts. the president is also taking time to be fesive. john boehner doesn't sound so merry. >> no progress report because there's no progress to report. when it comes to the fis e call cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> the phone call was pleasant, but was just more of the same. the conversations that the staff had yesterday, just more of the same. it's...
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to middle, 37%. >> yes, that is the deal obama has said he'll come down to 37%. and republicans have said, let's raise medicare and, i think it ut there, floating to see how to the base will react and the left is completely freaking out over the raising of the medicare eligibility and i assume the right is freaking out about giving on the tax rates. they have to decide. the administration is clear tax rates have to go up. obama has given in on it before and says there is a lot of pressure on him and the house democrats and, i think if they can come to some sort of agreement on the rate and if republicans are willing to push the other steps to next year, that is a deal. >> i think what argues against a big deal, includes any sort of cuts, for instance, up front on the entitlement side is, republicans -- tax rates are going up either way, this is the thinking among republicans before because you are going over the cliff or because the president has the whip hand and will force you into a deal and they don't want to take responsibility for the economic fallout that
to middle, 37%. >> yes, that is the deal obama has said he'll come down to 37%. and republicans have said, let's raise medicare and, i think it ut there, floating to see how to the base will react and the left is completely freaking out over the raising of the medicare eligibility and i assume the right is freaking out about giving on the tax rates. they have to decide. the administration is clear tax rates have to go up. obama has given in on it before and says there is a lot of pressure...
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where you found that, he's already taken 700 billion out in savings for obama care, so we don't know where that was actually going to be. >> how does this play out. is it possible you guys go home for the holidays without a deal done? you've been told what about christmas and the day after? >> we've already been told to prepare to come back after christmas because this may not be finished. >> when were you told that? >> eric cantor at our conference. the reality, and i hate this, it really frustrates me, but sometimes deals don't get done until there's one minute left on the clock rainfall according to the urban institute, cato institute, other research institutions, typical household will extract $3 of medicaid for every $1 they pay in. a single working household, six to one. $6 for every $1 they pay in. >> no wonder we're bankrupt. >> are you willing to tell people no? are you willing to tell grandma, dad, look, you can't have this. >> there is a lot of inefficiencies in medicare. just the way the system is done breeds that kind of waste in the system. if we're going to do medicare
where you found that, he's already taken 700 billion out in savings for obama care, so we don't know where that was actually going to be. >> how does this play out. is it possible you guys go home for the holidays without a deal done? you've been told what about christmas and the day after? >> we've already been told to prepare to come back after christmas because this may not be finished. >> when were you told that? >> eric cantor at our conference. the reality, and i...
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they're hoping obama will show his cards and come out with cuts for entitlements and then they will show something on tax cuts. >> they're begging him to show something. he has no incentive to do anything at least publicly. >> will they show their cards on tax cuts first? >> they have to. >> who is going to show their hand first? ron? >> the republicans. they're going to have to. obama can stand pat, and he's doing it right now. he can be cool hand luke. >> i think that's the way he is playing, very cool. thank you. he's going to force john boehner to come out and say what he wants done to protect the rich people or not protect them. thank you, ron reagan. thank you, dana milbank. >>> a big anti-union vote in michigan is coming up. a right and left going at it. it isn't about gutting unions. a lot of people think so. is it about lowering wages and hurting democrats? you bet. let's watch it. >>> plus, the most talked about movie in hollywood hasn't even opened yet. it's about torture. many critics say "zero dark thirty" suggests without torture we wouldn't have gotten the guy. but not eve
they're hoping obama will show his cards and come out with cuts for entitlements and then they will show something on tax cuts. >> they're begging him to show something. he has no incentive to do anything at least publicly. >> will they show their cards on tax cuts first? >> they have to. >> who is going to show their hand first? ron? >> the republicans. they're going to have to. obama can stand pat, and he's doing it right now. he can be cool hand luke. >> i...
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it had spending increases, rather than spending cuts. and it wanted to have congress lose its role, in term terms of increasing the debt ceiling. none of that's probably going to happen. and i think to nick's point, it's a good point. if you go back and look. i worked for reagan years ago. reagan and tip o'neill would sit and work together. i'm not saying they'd do every detail. >> so was gingrich and clinton. >> and clinton and gingrich evolved into that kind of relationship. and i must say the president has done a poor job. he did a poor job last year and he's done a poor job this year. two days after the election, boehner came up with a tax revenue plan. very controversial in his party. he said, let's cap deductions and loopholes and leave the race alone because that help growth. that was $800 billion. it shocked a lot of republicans. and he got nothing. he got, you know, nothing from obama. and i think that started the bad blood. and i think the president -- >> good point. they both got to learn the art of negotiation. >> we haven't
it had spending increases, rather than spending cuts. and it wanted to have congress lose its role, in term terms of increasing the debt ceiling. none of that's probably going to happen. and i think to nick's point, it's a good point. if you go back and look. i worked for reagan years ago. reagan and tip o'neill would sit and work together. i'm not saying they'd do every detail. >> so was gingrich and clinton. >> and clinton and gingrich evolved into that kind of relationship. and i...
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so if there's no deal and the tax hikes and spending cuts take effect, we feel the impact. christine romans sat down with this panel for a report on the bottom line. here's part of the conversation she had with a working mom, small business owner and a woman looking for work. >> i have a household to run. still have rent and bills to pay, and i need help. i need help. >> three kids? >> yeah. >> how old are your kids, 23, 18, and 11. >> what do you tell them when they see the economy in front of them and hear all this fighting in washington about the fiscal cliff. you've been looking for a job for more than six months now. are you more optimistic or less than things will turn around next year? >> i believe it's going to turn around. it will probably take a little time, but i think it will. >> you need the government to help now until that happens? >> yes, i definitely do. >> you just had a baby. congratulations. >> thank you. >> are you concerned about your kid's future in all of this? >> i am. i mean, my biggest concern is that i leave my son with more burdens. i want him t
so if there's no deal and the tax hikes and spending cuts take effect, we feel the impact. christine romans sat down with this panel for a report on the bottom line. here's part of the conversation she had with a working mom, small business owner and a woman looking for work. >> i have a household to run. still have rent and bills to pay, and i need help. i need help. >> three kids? >> yeah. >> how old are your kids, 23, 18, and 11. >> what do you tell them when...
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. >> president obama tells barbara walters his bottom line. >> i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for -- >>> terror at the mall, a masked gunman opens fire outside portland, oregon, killing two people in a crowd of holiday shoppers before turning the gun on himself. >> i heard two loud booms. i thought that they were something falling in the mall. i looked again, i glanced to my left, and i seen, like, gunshots shot everywhere, shooting everywhere, people running for their lives. >> i just bolted. there were little kids, families, moms, we told everybody get inside the fitting rooms. >>> north korea fires its first successful long-range missile test. even china is alarmed. >>> jenna bush hager announced on the "today" show they are expecting. george and laura bush call in their congratulations. >> president, mrs. bush, what do you want the grandchild to call you? >> sir. [ laughter ] >> we want to call him poncho. >> jimmy baker's grandkids call him happy. i kind of like the ring of that. >> it means boss. >> pop
. >> president obama tells barbara walters his bottom line. >> i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for -- >>> terror at the mall, a masked gunman opens fire outside portland, oregon, killing two people in a crowd of holiday shoppers before turning the gun on himself. >> i heard two loud booms. i thought that they were something falling in the mall. i looked again, i glanced to my left, and i seen,...
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. >> what does obama want that's not in the fiscal cliff -- he wants what's in the fiscal cliff. it's defense cuts and tax hikes. we're compromising with someone who doesn't want to compromise. he likes that stuff. i know he doesn't want to raise taxes on the middle class. but we have to give up everything in this deal. we should articulate our principles or give him what he wants. we're going to vote present and say -- >> boehner's doing the best he can. he's playing a short deck right now. >> you really think he's the best spokesman for conservatism. >> no, no. >> we should put a paul ryan -- we need younger leadership. >> paul ryan came out publicly in support of boehner. that's point number one. secondly, boehner jumped ryan over more senior people to put him as head of the budget committee. that's my second point. and boehner himself is being advised by ryan every step of the way. >> what do you say about this purge then? he's purging people that wants to balance the budget. >> you lost, ron. don't blame boehner. blame the republican party. blame conservatives. jim demint sa
. >> what does obama want that's not in the fiscal cliff -- he wants what's in the fiscal cliff. it's defense cuts and tax hikes. we're compromising with someone who doesn't want to compromise. he likes that stuff. i know he doesn't want to raise taxes on the middle class. but we have to give up everything in this deal. we should articulate our principles or give him what he wants. we're going to vote present and say -- >> boehner's doing the best he can. he's playing a short deck...
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." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan lothian. he's on the scene for us over at the white house. how did it go, dan? >> reporter: well, wolf, we've seen the president do this before in the past whenever he's locked in negotiations with lawmakers. he heads out on the road, either goes to a backyard or sits down around a dinner table to put pressure on congress. that's what he did today when he went to falls church sitting down with the santana family. their parents who also are employed live in the household with them. so if taxes do go up on middle class americans, the overall hit on that household will be $4,000. so they're very concerned, but they
." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan...
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the voluntary program is part of an effort to cut costs by 1.7 billion dollars per year. fedex stock, no change, 88 bucks a share. now joining the company from chicago is our next guest. the headline for the day is president obama has drawn a line in the sand, he says there isn't a deal on the fiscal cliff unless you raise tax rates on the rich, very important, tax rates on the rich. what do you make of that? >> well, first of all, in some ways, you have to say that the big spending, big government liberals are winning this debate, because they have reframed the entire discussion about revenues. listen, washington has a spending problem, and as long as we kind of misdirect this discussion and we only talk about taxes, then we never discuss any meaningful reform in entitlements. we never discuss spending. so from this standpoint, the left is absolutely winning this argument, because that's what you and i are talking about right now, tax revenue. there is not a revenue story. -- this is not a revenue story. it is a spending story. >> thank you, you are right sir, yet again.
the voluntary program is part of an effort to cut costs by 1.7 billion dollars per year. fedex stock, no change, 88 bucks a share. now joining the company from chicago is our next guest. the headline for the day is president obama has drawn a line in the sand, he says there isn't a deal on the fiscal cliff unless you raise tax rates on the rich, very important, tax rates on the rich. what do you make of that? >> well, first of all, in some ways, you have to say that the big spending, big...
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. >>> our "starting point" this morning, president obama putting his foot down. he says no tax hikes for the wealthy, no deal. america hits that fiscal cliff in 27 days and that means tax hikes and deep spending cuts if the democrats and the republicans can't come together in some kind of a deal and with just ten days remaining until congress is scheduled to go home for the holidays, the clock ticking. here's what he told bloomberg news. listen. >> we're going to have to see the rates on the top 2% go up and we're not going to be able it to get a deal without it. >> we start this morning with white house correspondent dan lothian, he's in washington, d.c. okay. so who's got the ball in their court at this point then, dan? >> well, you know, i think the house gop, they have presented their counteroffer which white house spokesman jay carney is referring to as, quote, magic beans and fairy dust. we expect that house republicans will keep putting pressure on the white house to engage, push for more details on what the white house will accept when it comes to additio
. >>> our "starting point" this morning, president obama putting his foot down. he says no tax hikes for the wealthy, no deal. america hits that fiscal cliff in 27 days and that means tax hikes and deep spending cuts if the democrats and the republicans can't come together in some kind of a deal and with just ten days remaining until congress is scheduled to go home for the holidays, the clock ticking. here's what he told bloomberg news. listen. >> we're going to have...
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so, according to this poll, the people are saying, yes, go ahead, cut entitlements and say that obama has a mandate, among those that did not vote for obama, they have -- that they say that there is a mandate of obama to actually raise the taxes on top earners. >> i think a mandate do both. the fed -- a lot of people blame the fed for everything, seems a little ludicrous, what the fed is saying, listen, guys, compromise and if you don't, you got to expect stocks to go down. consumer confidence coming down, small business coming down, compromise or else here is the future. the future is lower stock market. >> right. >> so i think that there is a -- there is a very funny thing going on. we have rich people coming down to washington saying, listen, we will take our taxes but got to give a compromise. there's this curious where's tim geithner with specific doubts really get this thing going? what do they come up with? what did eamon javers come up with the other day? raise taxes a little less than you thought. he comes out and says, listen, medicare, make it this new able. we'd deal. but
so, according to this poll, the people are saying, yes, go ahead, cut entitlements and say that obama has a mandate, among those that did not vote for obama, they have -- that they say that there is a mandate of obama to actually raise the taxes on top earners. >> i think a mandate do both. the fed -- a lot of people blame the fed for everything, seems a little ludicrous, what the fed is saying, listen, guys, compromise and if you don't, you got to expect stocks to go down. consumer...
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and spending cuts that we know as the fiscal cliff. why did frankie muniz have a mini stroke sat age 27 in the former "malcolm in the middle" star will join us to talk to us about the health scare. >>> new world order, asia returning to the power it last held in the middle ages, what this means for the u.s. >>> i'm okay. >> a ceiling collapses in the middle of an interview, a storm tears through the south. we'll have an update on the damage straight ahead. >>> we're rocking out this morning, juk lavell, the fifth rolling stone will talk about the stones tour, tuesday, december 11th and "starting point" begins right now. >>> welcome back, bob shrum, ryan lizza, from "the new yorker" john berman have a seat, christine romans sticking around to help us out. our "starting point" zipped lips on capitol hill, how rare is that. if silence is golden maybe we'll have a deal on the fiscal cliff crisis sometime soon. there's 21 days left before the tax hikes and spending cuts kick in to send us over the cliff or down that gentle slope as some lik
and spending cuts that we know as the fiscal cliff. why did frankie muniz have a mini stroke sat age 27 in the former "malcolm in the middle" star will join us to talk to us about the health scare. >>> new world order, asia returning to the power it last held in the middle ages, what this means for the u.s. >>> i'm okay. >> a ceiling collapses in the middle of an interview, a storm tears through the south. we'll have an update on the damage straight ahead....
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i just did a lot of cuts that mean nothing. boy, how much did i save us over ten year. >>> thank you, rick. more santelli in the third hour. >>> still ahead, of course, live coverage of president obama's remarks on the fiscal cliff and the negotiations before the business roundtable. we'll bring that to you live in just a few minutes. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> with the internet streaming space, hey, there melissa, we're looking at netflix bouncing around based on comments from the chief content cipher but the stock took a bit of a hit when he said that netflix has to plans to cover the costs of the disney deal. nevertheless causing the stock to come off the best levels of the
i just did a lot of cuts that mean nothing. boy, how much did i save us over ten year. >>> thank you, rick. more santelli in the third hour. >>> still ahead, of course, live coverage of president obama's remarks on the fiscal cliff and the negotiations before the business roundtable. we'll bring that to you live in just a few minutes. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've...
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so it's pretty clean, a clean cut case. even the obama administration has already said it doesn't think the constitutionality, defense of marriage act, can withhold a legal attack like this, wolf. >> we expect arguments to be made when and decision to be made? >> i would estimate sometime around march of next year for the arguments. probably sometime around june of next year for a decision by the court, wolf. >> all right, thanks very much. joe johns reporting for us. bring in our senior legal analyst, jeffrey toobin and analyst gloria borger. jeff, first to you, once the supreme court makes that final decision in the spring, maybe by june at the end of the term, we will know whether or not same sex marriage will be legal, not only in those states like new york state or maryland or iowa where it is legal, but throughout the united states. >> it is a possibility, there are limited possibilities. the court specifically took nose in this case, whether the question of whether the people defending the law in california even have
so it's pretty clean, a clean cut case. even the obama administration has already said it doesn't think the constitutionality, defense of marriage act, can withhold a legal attack like this, wolf. >> we expect arguments to be made when and decision to be made? >> i would estimate sometime around march of next year for the arguments. probably sometime around june of next year for a decision by the court, wolf. >> all right, thanks very much. joe johns reporting for us. bring in...
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the first time he's commented publicly after meeting with president obama sunday. let's listen. >>> right flonow the american people have to be wondering when is the president going to get serious. i yield back. >> the chair recognizes the gentlemen from pennsylvania mr. altmire, for five minutes. >> i rise to recognize victor decarlo for receiving the -- >> we have been listening to the house speaker talking about negotiations taking place with the president obviously, a lot of people watching closely, trying to avoid the fiscal cliff which would mean tax hikes for almost all americans but also severe cuts as well. they are debating that publicly as well as privately. i want to talk more about the rebel group that we had mention before in syria, that is now designated a new terrorist organization, cnn's hala gorani joining us atlanta. hala, first of all, you've got the syrian rebels, they're there fighting al assad's government. now the u.s. government, state department, steps in and says, a small faction of this group is considered a terrorist organization. what
the first time he's commented publicly after meeting with president obama sunday. let's listen. >>> right flonow the american people have to be wondering when is the president going to get serious. i yield back. >> the chair recognizes the gentlemen from pennsylvania mr. altmire, for five minutes. >> i rise to recognize victor decarlo for receiving the -- >> we have been listening to the house speaker talking about negotiations taking place with the president...
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republicans saying no and accusing the president of not being specific about spending cuts and entitlement reforms, reform medicare, medicaid and social security. >> so let me ask you a question about this report that we're hearing that the obama administration might be looking at a republican to succeed the defense secretary, leon panetta. who is on that list at this point? >> reporter: yeah, that's right. this is former nebraska senator chuck hagel, a republican. so this is pretty interesting. we know, according to sources knowledgeable of the situation, that president obama and vice president joe biden have met with hagel and he's, of course, is someone who's familiar to the president. yes, he's a republican but some republican mace take issue with this nomination because in 2008 he actually sort of switched sides, if you will, a little bit and endorsed president obama. he also traveled with him to iraq and afghanistan. so they have that relationship as well as the vice president's relationship with hagel in the senate. it's sort of fascinating, though, because bob gates, as you know, w
republicans saying no and accusing the president of not being specific about spending cuts and entitlement reforms, reform medicare, medicaid and social security. >> so let me ask you a question about this report that we're hearing that the obama administration might be looking at a republican to succeed the defense secretary, leon panetta. who is on that list at this point? >> reporter: yeah, that's right. this is former nebraska senator chuck hagel, a republican. so this is pretty...
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but when you look at the potential solutions, does obama have a mandate? we asked that question. you see very big numbers, 68% says he has a mandate to cut taxes for people who earn less than 250k. 65% say he has a mandate to raise taxes on the wealthy while cutting spending. both elements are important. and when you ask about eliminating the bush tax cuts for people who make more than 250,000, 59% say he has a mandate to do that. so the president clearly has the whip hand in the negotiations, but, of course, members of congress don't respond to national polls. they're fought elected nationally like the president. they're responding to their districtes and that's why we have a different number to solve. >> i saw a number on nightly last night that was sadly low. we try to make something out of it. who would you blame if we go over? and it was 19 to 24. that was weird, wasn't it? that's where -- >> well, i think in some respects -- >> 19 we plame i think the president and 24% would blame -- that's not very -- that's like 24%? that's all you can get for that? you can't even make a
but when you look at the potential solutions, does obama have a mandate? we asked that question. you see very big numbers, 68% says he has a mandate to cut taxes for people who earn less than 250k. 65% say he has a mandate to raise taxes on the wealthy while cutting spending. both elements are important. and when you ask about eliminating the bush tax cuts for people who make more than 250,000, 59% say he has a mandate to do that. so the president clearly has the whip hand in the negotiations,...
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how do we cut the defense budget now? >> jim, i'm not disagreeing with you. >> what's the -- >> first audit of the defense firms we don't even know where the money is being spent. i'm not disagreeing with you on defense. you want to really attack what's going to be an explosion in costs, it's brom ma care. obama care is so vastly or grocery underestimated in terms of costs. i mean currently, the current budget window is $1.7 billion. when true spending kicks in $2.5 and that assumes only 1 million employees lose employee sponsored care, get dumped in highly subsidized -- >> some -- >> people have their head in the sand on that one. that will add trillions of dollars to our deficit and nobody wants to talk about it. nobody's talking about medicare anymore. because the democrats have taken that off the table. i'm asking the democrats, show us your plan. then i know what i'm going to compromise with. >> but in theory there is a plan that would exist that you would say, okay, i'm not going to go along with the pledge that i s
how do we cut the defense budget now? >> jim, i'm not disagreeing with you. >> what's the -- >> first audit of the defense firms we don't even know where the money is being spent. i'm not disagreeing with you on defense. you want to really attack what's going to be an explosion in costs, it's brom ma care. obama care is so vastly or grocery underestimated in terms of costs. i mean currently, the current budget window is $1.7 billion. when true spending kicks in $2.5 and that...
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, so fixated on the spending cuts that are coming and the tax increases. that's not going to be an issue for foreign investment? this is still the best place? we can get through all of these -- this regulatory environment, this increase so much and it's going to continue to -- >> look for all the regulatory challenges that we have, we still have the most transparency, the clearest rule of law, the most proven record of succession of power of anywhere in the world. >> yeah. >> so the confidence level can be there. in terms of being fixated on tax increases, i think senators have been very clear about that. the proposed tax increases are actually pretty small in the scope of the overall program that we're talking about. >> let me just, and i appreciate the work, frits, that you and others are doing. i've met with members of the fix the debt coalition and the advocacy that you're providing for a balanced plan. but we've encouraged members of your coalition to do is to impress upon the white house the importance of acountriesing entitlements. the president's l
, so fixated on the spending cuts that are coming and the tax increases. that's not going to be an issue for foreign investment? this is still the best place? we can get through all of these -- this regulatory environment, this increase so much and it's going to continue to -- >> look for all the regulatory challenges that we have, we still have the most transparency, the clearest rule of law, the most proven record of succession of power of anywhere in the world. >> yeah. >>...
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you said that. >> which is why i'm glad that president obama had the courage to end the bush tax cuts two years ago -- oh, wait a second. i'll tell you what. you know what? >> i agree with you. >> extended them for two more years, but at least now he's got the nerve, the courage to do what democrats have been saying all along, and end the bush -- oh, wait a second. no. he's actually keeping 98% of them. huh. >> look, he's keeping it for 98% of the country. i happen to agree. you know, i'm a supporter of the simpson-bowles approach, but we are where we are right now. and i think to chuck's point, this may make it -- and to your point -- and they may get to a point where this is very uncomfortable for democrats. again, $2 trillion, both are asking for that, it with certainly get us through the year, avoid sequestration, avoid the pain that many in the business community are concerned about. if we start growing again, imagine how easy this conversation will be next year if the economy is growing at 3% to 4%. >> yes, and the spirit of jack kemp rises from the table of "morning joe." >> gr
you said that. >> which is why i'm glad that president obama had the courage to end the bush tax cuts two years ago -- oh, wait a second. i'll tell you what. you know what? >> i agree with you. >> extended them for two more years, but at least now he's got the nerve, the courage to do what democrats have been saying all along, and end the bush -- oh, wait a second. no. he's actually keeping 98% of them. huh. >> look, he's keeping it for 98% of the country. i happen to...